Hints and tips:
...“The good news here is the insurance is in force,” said Neal on Thursday. “The boat is insured, the bridge is insured, the port authority is insured.”...
...Last year, the company also completed an acquisition of New York-listed Cigna’s life and health insurance businesses across six Asia-Pacific markets, including Taiwan....
...New York-listed Chubb disclosed an underwriting loss of $107mn on its agricultural insurance policies, citing a severe lack of rainfall in the country’s so-called corn belt of producer states....
...Chubb has agreed to pay $5.75bn for the life insurance and accident and health insurance businesses of Cigna in the Asia-Pacific region and in Turkey in the US group’s latest move to expand in the region...
...Chubb has said it will acquire the life insurance and the accident and health insurance (A&H) businesses of Cigna in Asia-Pacific for $5.75bn....
...Canada’s Trans Mountain, the operator of a pipeline that takes crude from the oil sands of Alberta to the west coast of British Columbia, made a new request of the country’s energy regulator in February....
...The big buildings of the leading insurers — AIG, Chubb and BF&M, among them — loom over the capital....
...“The basic fact is that pandemic risk is not insurable,” said Jimi Grande, head of government affairs at the National Association of Mutual Insurance Companies....
...A new proposal calls for the creation of another plain but dark moniker: Pandemic Re. Chubb on Thursday put forward a plan for a so-called “public-private partnership”....
...An executive at US-based Chubb said the number of inquiries for D&O insurance from Chinese clients had jumped by 50 per cent this year....
...Bills have been proposed in New Jersey, Massachusetts and Ohio....
...But companies, which take out insurance to pay the claims, can contest them....
...A group of eight insurers and brokers, including Chubb and Allianz, were solicited to fund their appeal....
...Malaysia’s new government has reopened discussions about allowing foreign insurance companies to maintain full ownership of domestic insurers....
...The push to protect businesses from Covid-19 related liability is being heavily backed by US insurance companies....
...Tiffany Powers, co-head of Alston & Bird’s insurance litigation team, said “a trickle” of business interruption lawsuits, relating to insurance policies compensating companies for income lost when operations...
...Insurance entrepreneurs were quick to jump on the opportunities presented by rising prices to set up new companies....
...The Chinese authorities have cleared the way for Chubb to take control of its Chinese insurance joint venture, signalling a new stage in the opening of the country’s financial sector....
...in which shareholders sue a third party — in this case the company management — on behalf of the company....
...One executive at a foreign insurance company that has a joint venture in China with a state-owned company, said a party committee was in the process of being formed in the venture....
...Grab’s new platform will start by offering insurance products to drivers, who are key to ride-hailing companies’ success....
...As a result, a number of companies are starting to explore risk transfer and insurance options more diligently.” But regulators’ earlier enthusiasm for beefing up capital rules has not gone away....
...From the start of February the current number of 53 blue-chip companies expands by four, with Caterpillar, Chubb, United Technologies and People’s United Financial joining the index....
...Joel Westley, a researcher at Eames Partnership, a specialist insurance recruitment firm, says that cyber underwriters often have a background in professional indemnity insurance or liability insurance....
...Shares in insurance companies Allstate, Travelers, Chubb and AIG all rose on Thursday. All had fallen earlier in the week as fears about Hurricane Florence grew....
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